Home Depot (HD) Offering Possible 34.41% Return Over the Next 15 Calendar Days

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Home Depot’s most recent trend suggests a bullish bias. One trading opportunity on Home Depot is a Bull Put Spread using a strike $322.50 short put and a strike $317.50 long put offers a potential 34.41% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $322.50 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock dropped below the $317.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Home Depot is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Home Depot is bullish.

The RSI indicator is at 38.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Home Depot

Home Depot vs. Lowe’s: Comparing Their Second Quarter Earnings
Wed, 01 Sep 2021 11:21:00 +0000
In this Fool Live video clip, recorded on Aug. 19, Fool.com contributor Jon Quast gives viewers a rundown of the latest numbers from home improvement retail giants Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW). Jon Quast: I’m going to stick more in my wheelhouse, which is more of the consumer goods, and talk about Lowe’s. We’re going to talk about Home Depot as well because it’s really hard to get a grasp on what is going on with Lowe’s without contextualizing it with Home Depot’s results. If we just look at the numbers, Home Depot, for example, they reported sales of $41.1 billion.

Consumer Confidence Index drops in the month of August
Tue, 31 Aug 2021 14:58:44 +0000
Katie Thomas, Lead of Kearney Consumer Institute joins Yahoo Finance Live to break down the latest Consumer Confidence Index numbers, as well as her new report on consumer shopping trends.

3 Stocks Off Their Highs to Buy Right Now
Tue, 31 Aug 2021 14:45:00 +0000
The stock market keeps hitting news highs, but many shares that took off in the wild ride of 2020 are now falling back to earth. Corrections can look scary to investors, but if you pick companies with strong fundamentals and a solid long-term outlook, they may well provide a better journey ahead. Airbnb (NASDAQ: ABNB), Walt Disney (NYSE: DIS), and Home Depot (NYSE: HD) are all trading below their all-time highs as the market becomes more subdued.

Home Depot Stock May Be Up 900% in the Past Decade, but Don’t Expect a Repeat Performance
Tue, 31 Aug 2021 13:13:00 +0000
The home improvement giant has been a rewarding holding for its investors, but they need to have reasonable expectations going forward.

This Ultra-Important Metric Gives Home Depot the Edge Over Lowe’s
Mon, 30 Aug 2021 16:42:41 +0000
Both Home Depot (NYSE: HD) and Lowe’s (NYSE: LOW) recently reported their second-quarter financial results to mixed Wall Street reactions. While on the surface these giant home-improvement retailers might appear similar, there is a very important difference that makes Home Depot the higher-quality business between the two. During Q2, Home Depot’s same-store sales (or comps) rose a healthy 4.5% year over year.

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